Dogecoin Surges Over 11% Amidst Elon Musk's Government Efficiency Endeavor

馬斯克 (Elon Musk) 努力提高政府效率，狗狗幣飆升超過 11%

Dogecoin experienced a substantial upswing, rising by more than 11% following the announcement of Elon Musk's new initiative focused on enhancing government efficiency.

在馬斯克宣布專注於提高政府效率的新措施後，狗狗幣經歷了大幅上漲，漲幅超過 11%。

Launch of the Department of Government Efficiency Website

政府效率部網站推出

On January 21st, the Department of Government Efficiency (DOGE), spearheaded by Musk and dedicated to reducing government expenditures and streamlining regulations, launched its official website.

1月21日，由馬斯克主導、致力於減少政府支出和簡化監管的政府效率部（DOGE）推出了官方網站。

Dogecoin Price Linked to Musk's Initiative

狗狗幣價格與馬斯克的倡議掛鉤

Dogecoin's price has witnessed a notable surge attributed to Musk's involvement in the newly established agency. Many investors believe that the agency, sharing both the acronym and logo of the popular cryptocurrency, could serve as a catalyst for Dogecoin's value.

由於馬斯克參與新成立的機構，狗狗幣的價格顯著飆升。許多投資者認為，該機構共享流行加密貨幣的縮寫和徽標，可以成為狗狗幣價值的催化劑。

Milestone Reached

達到里程碑

On November 27, 2024, Dogecoin's market capitalization surpassed that of Porsche, then valued at $56.1 billion. This surge was driven by Musk's endorsements and speculation about the potential launch of a Dogecoin exchange-traded product (ETP).

2024 年 11 月 27 日，狗狗幣市值超過保時捷，當時估值為 561 億美元。這一飆升是由馬斯克的認可和對狗狗幣交易所交易產品（ETP）潛在推出的猜測所推動的。

Price Touches $0.40

價格觸及 0.40 美元

Shortly after the launch of the agency's website, Dogecoin briefly breached $0.40, reaching another significant milestone.

該機構網站推出後不久，狗狗幣短暫突破 0.40 美元，達到另一個重要里程碑。

Current Market Position

目前的市場地位

Despite its recent gains, Dogecoin remains approximately 48% below its all-time high of $0.73, established on May 8, 2021 (as per CoinMarketCap).

儘管狗狗幣近期有所上漲，但仍比 2021 年 5 月 8 日創下的 0.73 美元歷史高點（根據 CoinMarketCap 數據）低約 48%。

Future Outlook

未來展望

With the crypto market closely monitoring Musk's actions and initiatives, Dogecoin continues to attract attention from individual investors and institutional participants alike.

隨著加密貨幣市場密切關注馬斯克的行動和舉措，狗狗幣繼續吸引個人投資者和機構參與者的注意。